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Yes but what does that have to do with City Pensions.
$108,000 city pension for a $40,000 job
- Thread starter MassHavoc
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Pez68
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I think it was just an aside to the topic....
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Yeah I guess I was just getting confused with the derail, not that I really care that there was a derail since it doesn't seem like a very happening topic at this point. So sad that people care more about tattoos... haha
Pez68
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Well, SOME people care more about tattoos. Most people are indifferent towards them.
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hahahahahahah
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Nope, I was comparing the 5 to 1 ratio for a Union head pension v. an average Joe pension, to the 344 to 1 ratio of CEO salary v. average worker, to show real disparity. It is interesting that the US CEO makes a nearly a 14 to 1 ratio to the European CEO in pay. What i really love though is how these CEO and corporate assholes get bonuses and pay raises and $100,000,000 golden parachutes after they **** up the corp they were running and removed. What's even more hilarious is how some of the dorks are then hired by a new corp and given a huge salary, perks and bonuses after ruining the prior corp they ran. And what is the stock answer on why these A-holes get paid so much. Because of their expertise. And what expertise is that. The expertise to run another company into the ground.
...and then get another golden parachute, while healthcare benefits are cut at the same corp for the average Joe & Jane worker.
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While everything you say about CEOs is valid, the main difference is that companies and stockholders are paying that, while taxpayers are paying these pensions.
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Government give the corps tax breaks all the time. Who picks up the tab to make up the difference? You and I.
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Pez68
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Good luck getting the people in government to vote to do away with their own pensions...
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In a way yes, in a way no.
Unchecked power, either by a union head or a CEO is despicable.
But, it's interesting that big city & mainstream newspapers are happy to provide us with article after article about union corruption, yet there's a paucity of articles on CEO greed and corruption. Why? The corporations own the papers, and most of the media, so they don't want to shine a light on themselves, much less acknowldege* that they own a company when they are defending it in one of their editorials, yet give the uniformed reader the guise of journalistic objectivity.
http://benbagdikian.net/
* If they acknowledged finalcial ties to corps they own, when doing a story on them, or that advertise with the paper, when doing a story on them, half the paper's print would be conflict of interest acknowledgements.
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No, because the companies are doing nothing illegal in what they decide to pay or do for their CEO's the City's are. You are just trying to highjack this union thread with CEO propaganda. Which is fine, but not valid here.
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Thinks for looking in my head and letting me know what I'm doing. There are some corrupt union leaders, which leads one poster to eleoquently argue "ALL UNION BAD, BAD!" I'm just pointing out that there are corrupt leaders everywhere. Some corporations are great, IMO.
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I'm not a fan of the argument, BUT BUT THESE PEOPLE ARE WORSE. Especially when people aren't denying that they are. It's makes no different how horrible the CEOs are to this argument.
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Fair enough, and I wouldn't have even posted in this thread, 'cept someone had to equate ALL UNION BAD, with the misdeeds of a couple of union officials.
Pez68
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I think IHF runs a sweatshop, so obviously he's biased.
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A couple?
23 Union leaders will get over 56 million from the 2 ailing pension funds.
From one of the articles.
And every year, those city pensions grow by 3 percent. Records show the top earners are:
•Liberato "Al" Naimoli, president of the Cement Workers Union Local 76. He retired last year from a $15,000-a-year city job that he last held a quarter-century ago. Today, Naimoli receives more than $13,000 a month from the city laborers' pension fund even as he continues to earn nearly $300,000 annually as president of Local 76. His city laborers' pension will pay him about $4 million during his lifetime, according to a Tribune/WGN-TV analysis based on the funds' actuarial assumptions.
•James McNally, vice president of the International Union of Operating Engineers Local 150. He receives nearly $115,000 a year even though at the time he retired, in 2008, he had not worked for the city in more than 13 years. He was only 51 when he started collecting a city pension. By the time he turns 78, he will have received roughly $4 million from the city laborers' fund.
•Dennis Gannon, former president of the Chicago Federation of Labor. In 2004, he began receiving more than $150,000 a year after retiring at age 50 from a $56,000-a-year city job that he had left nearly 13 years earlier. He received his city pension while collecting a salary of about $200,000 from the federation. During his lifetime, the city municipal pension fund will pay him approximately $5 million. Gannon told the Tribune that he was only following the law in filing for a city pension.
Pez68
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What
the
****.
the
****.
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Sorry, I didn't click on to every link in your thread. Regardless, when a CEO gets a $100,000,000 parachute, after driving a company into the ground, this still pales in comparison, but I've said enough, using an argument you don't like, and obviously, I've highjacked your thread, so I'll refrain from posting in it, from here on out.